employee salary is Rs.240000/- per annual so TDS on applicable on salary or note
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Quick Summary
This discussion clarifies that TDS (Tax Deducted at Source) on salary is not applicable for the financial year 2021-22 if the annual salary is below £2.5 lakhs. It also touches upon the concept of 'carrying amount' in accounting, explaining it as the value of an asset on the balance sheet after deducting accumulated depreciation. While TDS may not be applicable, filing an Income Tax Return (ITR) is still recommended in certain cases.
For example I have a machinery worth RS 2,50,000 after the depreciation the assume amount is for example 55,000 means ....here the what is the carrying amount ??